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Return of the Gold Standard as world order unravels(Gold has already replaced the dollar)
Daily Telegraph ^
| 14 July 2011
| By Ambrose Evans-Pritchard
Posted on 07/15/2011 6:21:22 AM PDT by quesney
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1
posted on
07/15/2011 6:21:26 AM PDT
by
quesney
To: quesney
2
posted on
07/15/2011 6:22:32 AM PDT
by
unkus
(Silence Is Consent)
To: quesney
gold hasn't replaced anything. I don't see people carrying bags of gold down the street to pay for things.
It is, and always has been, a universal store of wealth -- since long before the dollar existed.
3
posted on
07/15/2011 6:24:09 AM PDT
by
the invisib1e hand
("America will cease to be great when America ceases to be good." -- Welcome to deToqueville.)
To: the invisib1e hand
“It is, and always has been, a universal store of wealth — since long before the dollar existed.”
Gold has effectively replaced the dollar as a safe-haven store of value. I think that’s beyond arguing at this point.
There’s every possibility the US will turn sane after the 2012 elections, but I’m not counting on it. The problem isn’t just Obama - it’s the devolving electorate that voted him into office.
4
posted on
07/15/2011 6:26:18 AM PDT
by
quesney
To: quesney
To: quesney
Devolving electorate...... perfect analysis! That truly is the bottom line problem.
To: silentknight; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; ...
7
posted on
07/15/2011 6:30:24 AM PDT
by
SunkenCiv
(Yes, as a matter of fact, it is that time again -- https://secure.freerepublic.com/donate/)
To: quesney
If cash money gets to be worthless ... what do you redeem the solid gold for ?
8
posted on
07/15/2011 6:31:00 AM PDT
by
sawmill trash
(OBAMA, YOU FAILED US, YOU'RE FIRED !)
To: quesney
Gold has effectively replaced the dollar as a safe-haven store of value. I think thats beyond arguing at this point.Nope. Not splitting hairs but if gold did that, it'd be north of, oh, $20,000 an ounce. probably way north.
9
posted on
07/15/2011 6:31:18 AM PDT
by
the invisib1e hand
("America will cease to be great when America ceases to be good." -- Welcome to deToqueville.)
To: sawmill trash
If cash money gets to be worthless ... what do you redeem the solid gold for ?Peas. 'Cause you gotta eat 'em.
10
posted on
07/15/2011 6:32:09 AM PDT
by
the invisib1e hand
("America will cease to be great when America ceases to be good." -- Welcome to deToqueville.)
To: quesney
In a way most people have never left the gold standard as only gold has been able to maintain its status as the store of value of choice.
The only further debasement of the currency possible is to reduce the physical size of a dollar bill to the size of a postage stamp.
11
posted on
07/15/2011 6:33:42 AM PDT
by
count-your-change
(You don't have be brilliant, not being stupid is enough.)
To: silentknight
$1,000 silver?? LOL! If silver were that high, we’d have had a TON of major world-destructive events on the way there. Ridiculous.
To: quesney
If an economic apocalypse occurs I’d rather have guns and butter than gold.
13
posted on
07/15/2011 6:34:10 AM PDT
by
TSgt
(When in the Course of human events...)
To: quesney
One piece of bubblegum, please.................
14
posted on
07/15/2011 6:34:42 AM PDT
by
Red Badger
(PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
To: sawmill trash
food, clothing and shelter..........and ammo.................
15
posted on
07/15/2011 6:35:38 AM PDT
by
Red Badger
(PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
To: quesney
“Theres every possibility the US will turn sane after the 2012 elections, but Im not counting on it. The problem isnt just Obama - its the devolving electorate that voted him into office.”
Exactly.
To: sawmill trash
“If cash money gets to be worthless ... what do you redeem the solid gold for?”
Charmin notes.
17
posted on
07/15/2011 6:39:06 AM PDT
by
count-your-change
(You don't have be brilliant, not being stupid is enough.)
To: the invisib1e hand
The only thing keeping the dollar alive, and the euro, is faith. When that fails, everything falls apart. The liberals, elitists, one-worlders, and the room temperature IQ mouth breathing leech voters have ruined an entire nation........................
18
posted on
07/15/2011 6:39:49 AM PDT
by
Red Badger
(PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
To: sawmill trash
Should I by stock in a scale company?
To: quesney
Inflation is the only way out. Devalue a $1,000 Social Security check by 10% and now it only buys $900 but the actual check amount fools the recipient because it is still $1,000. Do that year after year and the $1,000 check will only buy a few hundred dollars in value. This happened in 1978 through 1983 when there was 50% inflation over those 5 years and grandma was eating dog food to survive. What if the inflation rate was 50% a year. That is the only way out of this mess. The unions have been too successful at getting retirement packages that are unaffordable and SS funds are stolen as they come in. Hyper inflation will take care of it though and grandma will move in with her kids or pitch a tent.
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